What Is The Purpose Of A Invoice?

An Invoice is a commercial document that indicates all kinds of selling activity. It is basically the bill that is issued by a seller to the buyer. It has all the details about the sales activity such as the details of products, the quantity purchased, prices for the product and any terms and conditions for the guarantee or warantee. When an invoice is given to another company, it means that you certainly ow them some money. There are also various types of invoices depending on their purpose and usage such as:
- Proforma Invoice
- Time Sheet
- Debit memo
- Credit memo.